- Annual VAT Return Overview: Companies registered for VAT in Italy must submit an Annual VAT return (dichiarazione annuale IVA) by April 30 of the following year, which serves as a recapitulative statement for informative purposes, typically without any VAT payment due upon submission.
- Submission Requirements and Exemptions: The return must be submitted electronically to the Italian Revenue Agency, and certain taxpayers may be exempt from filing if they only conducted exempt transactions, although this does not apply to intra-Community transactions.
- VAT Refunds and Corrections: VAT refunds are generally requested through the annual VAT return, with the possibility of using a “visto di conformità” certificate to bypass the bank guarantee requirement. The annual return also allows for corrections of previous quarterly reports and provides options for managing excess input VAT credits, including carrying them forward or claiming refunds.
Source Marosa
